Aurora Innovation Sees Unusually Large Options Volume (NASDAQ:AUR)

Aurora Innovation, Inc. (NASDAQ:AUR - Get Free Report) saw unusually large options trading on Monday. Investors purchased 22,296 call options on the company. This is an increase of 88% compared to the average daily volume of 11,868 call options.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Aurora Innovation from a "sell" rating to a "neutral" rating and raised their target price for the stock from $3.00 to $6.00 in a research report on Thursday, April 10th. TD Cowen began coverage on shares of Aurora Innovation in a research note on Friday, March 7th. They issued a "hold" rating and a $8.00 price objective on the stock. Oppenheimer began coverage on shares of Aurora Innovation in a report on Thursday, March 27th. They issued an "outperform" rating and a $15.00 target price for the company. Morgan Stanley assumed coverage on Aurora Innovation in a report on Monday, March 3rd. They set an "overweight" rating and a $12.00 price target on the stock. Finally, Needham & Company LLC initiated coverage on Aurora Innovation in a research note on Tuesday, April 15th. They set a "buy" rating and a $10.00 price objective for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $9.63.

Aurora Innovation Price Performance

Aurora Innovation stock traded up $0.38 during trading hours on Monday, hitting $7.26. The stock had a trading volume of 15,939,775 shares, compared to its average volume of 11,687,917. Aurora Innovation has a 1-year low of $2.10 and a 1-year high of $10.77. The stock's fifty day moving average is $6.75 and its two-hundred day moving average is $6.73. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of -15.45 and a beta of 2.77.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported ($0.11) earnings per share (EPS) for the quarter. As a group, sell-side analysts anticipate that Aurora Innovation will post -0.49 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Garden State Investment Advisory Services LLC purchased a new stake in shares of Aurora Innovation in the third quarter valued at $192,000. Barclays PLC increased its stake in shares of Aurora Innovation by 431.9% during the 3rd quarter. Barclays PLC now owns 1,709,749 shares of the company's stock valued at $10,122,000 after acquiring an additional 1,388,307 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Aurora Innovation during the 3rd quarter worth about $337,000. Franklin Resources Inc. acquired a new stake in shares of Aurora Innovation in the third quarter worth approximately $72,000. Finally, JPMorgan Chase & Co. grew its holdings in Aurora Innovation by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 1,380,479 shares of the company's stock valued at $8,172,000 after purchasing an additional 394,933 shares during the period. Institutional investors and hedge funds own 44.71% of the company's stock.

About Aurora Innovation

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.

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